Lisbon, Portugal (My Sportsbook) - FC Porto has signed striker Falcao to a two-year contract extension, locking up the Colombian through the 2014-15 season. Falcao, 25, scored a record 17 goals in the Europa League last season and had 38 in all competitions. He has 41 goals in 50 league games since joining Porto from River Plate in 2009, and 73 in 85 games in all competitions. Porto also raised his buyout clause from $42.3 million to $63.4 million. Porto won the Europa League, league title and league cup last season, and will play Barcelona in the UEFA SuperCup on Aug. 26.
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